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, president obama wants more in the $1.5 trillion in tax hikes, but he has no plan -- or announced cuts in spending, why those tax hikes don't add up to anything meaningful and we'll talk with the ceo of cke restaurants, andy puzder and says, tax rates will stifle economic growth and our favorite doctors are here, to psychoanalyze the scandal that brought down the head of the cia. we are delighted to be joined, now, by the admiral james lyons, retired commander of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back with you, lou. >> lou: let's turn, to first, the talking pois. which, it seems that no one after general petraeus made it clear there had been changes in those talking points, the testimony before congress s been surveyed, and congressman mike rogers, the chair of the house intelligence committee, said, it has to be the white house, because everybody else has testified that they didn't. do you agree? >> i agree. and, in that deputy's committee i'm hurry the white house representative and the national securityfrom the nation
party pass on a pledge, the vow never to raise taxes no how, no way, and today a way for a growing number of republicans to say, sorry, grover, it is over. that pledge we signed turns out it wasn't written in permanent ink. welcome, everyone, i am neil cavuto and don't look now but i think americans for americans for tax reform and the zealot could be pumped. grover norquist himself on what appears to be a revolt on the right, half dozen republican senators would have disown add pledge that isn't feasible now including oklahoma senator coburn, arizona's john mccain, south carolina's graham, idaho's crapo, tennessee's alexander, and georgia's sam bliss. it is not that they have all become antipledge, more like, well, antisweeping pledge. particularly the party of that pledge that called for resisting any move to end any tax break. to hear georgia's chambliss, too rigid, too inflexible, noting times have changed significantly, and i care more about my country than i do about a to-year-old pledge. if so, so what now? norquist in a second, to bob on republicans increasingly happy to ma
's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that wo
will also be here fred also, president obama has no plan to announce tax cuts and spending cuts. why they don't add up to anything meaningful. lou: the testimony before congress has been surveyed. congressman mike rogers. everyone else has testified that they didn't. do you agree? >> i do agree. and the deputies committee, i'm sure the white house representatives of national security from the national security agency council had their orders. lou: general david petraeus says for his part, one of the confusing things -- confusion between the testimony he gave to congress three days after september 11 and what he said over the past few days in congress, it represents what happens when you try to avoid tipping off terrorists. do you buy that? >> according to congressman king, it indicates that betray d petraeus deadlock. lou: is appropriate for a military man to take upon himself or herself for the good of the country and misrepresent reality united states congress. >> certainly based on what congressman king has reported in the open press something of the like. lou: specifically, it me
are to have fun. thank you. so, another republican dixing a no tax hike pledge. does that mean tax hikes are coming? with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this friday, get the best deals on the best devices on the best network. exclusively at verizon. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of
to take a sharp left. launching an ad campaign telling both parties to raise taxes and don't dare budge on those entitlement cuts. former new york mayor rudy guiliani says the push to the left just isn't right. mr. mayer, a lot of money, a lot of money at stake. you know all the people involved, all of the groups are going to come out. >> critical straitening out of the fiscal disaster, dealing with expenditures. where the republicans have to give on revenues, they only have to give on revenues if you get really good cuts in expenditures this is a terrible message. maybe good for the unions, but it is bad for the country and our children because of this does is increase the debt under which they are operating and which is already getting close to historic. tom: the thing about all this, it seems like we are getting into a semantic battle because i was reading through the statement said the union leaders , spending a lot of money advertising, especially to republican congressional folks. >> right. right. tom: raise taxes. it think they have somebody, but the semantics are the speaker is
willing to put entitlements and spending on the table. republicans sang they're willing to do tax revenue and that could be or would be the key to any agreement to avoid the fiscal cliff and get the country's books back in order. gerri: you will be covering this for a long time. thanks for that. this black friday wal-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. jeff: a few of them but the majority were not wal-mart workers but members of other unions like the teamsters, the uaw, it was built today as a demonstration against the notion of working on thursday on thanksgiving. the day before black friday. but the protest when it came down to it wasn't so much about that. was against walmart's practice of paying minimum-wage, not giving workers enough money in their view and about work rules. that is what the actual protests came down to. it was organized by organization called our walmart, the shadow union for the non-union walmart and well-organized by united food andommercial workers union which is trying to organize at wal
. come 2014 and also will be cut automatically by 8%. american opporunity tax credit expires the end of 2012 as well. gerri: it sounds like -- and here is your number right here. the fiscal cliff hits it could result in a percent cut in federal student aid. clearly people are going to seek higher costs for college. how can a company that if they have to do it on their own diond cannot borrow money? >> they need to say before college. every dollar you save is a dollar less you have to borrow. search for scholarships on free web sites. every dollar you when is a dollar less you have to borrow. gerri: and definitely make sure you are saving. i think that is obvious. let's break this down a little bit because there is all kind of student aid. the impact on pellgants, federal student loans, and dollars tax credit. this fiscal cliff and going over it. pell grant impact. >> well, the pell grant has been unchanged for two years. going to crease by $85, a drop in the bucket. but they still face an $8 billion funding shortfall which has to come from somewhere when you are trying to plug the fi
spending cuts and tax increases that will take place if lawmakers fail to reach a deal before the end of this year. since president obama's reelection, democrats and republicans have staked out their positions on how to resolve this potential crisis. the president wants higher taxes on the rich, specically over one half trillion over the next decade. >> what i'm concerned about is not finding ourselves in a situation where the wealthy are not pay more or are paying as much as they should. middle-class families making a difference. lou: house speaker john baena says new revenue should be raised through tax reform, not raising taxes. >> we have talked about this for every year. you can lose all kinds of limitation in doubt. the specifics at this point, would not be conducive to try to come to agree with the white house. lou: who blinks first? we take all that up here tonight. how can the republican party broened its base follong governor romney's defeat? we will be talking with the author of the best-selling book the amateur and former senior staff member an president george w. bush adm
, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening. gei: it seems to have unloaded everytng they have, the economy has to come back on its own now. >> they can do with the bank of japan is now supposedly considering, resort to negative interest rate policy. consumerwould be charged to keep money in savings accounts. that is one way getting people to spend, i don't think that is likely to happen anytime soon. gerri: i think that is just crazy talk to lots of viewers. but it is reality. instead of getting paid for putting your money someplace, which is the way it normally happens, instead you have to pay for the privilege. now why are people willing to make that trade-off? >> simply because they don't have enough room in their mattress to store their money or they don't have enough confidence to put their money in other financial assets sucas stocks. gerri: we are not here yet. >> could be a reality in japan the japanese want to weaken the yen. that is one way of doing it. gerri: he is optimistic abou
back to work but the clock is ticking. unless lawmakers make a deal, automatic spending cuts and tax increases are just a matter of only a few weeks away for everyone. i'll ask a top member of the republican leadership if there's any room for serious compromise. >>> and if you own a home, deductions that save you money every year could be changing or simply going away. we're taking a closer look. >>> and ballpoint pens that hide poison needles and poison bullets. they sound like props in a cold war era spy movie. but they're part of a real assassination plot. we have details. i'm wolf blitzer. you're in "the situation room." >>> we're just 36 days away from the painful across-the-board spending cuts and tax increases people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected
and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journal, the fiscal cliff, fiscal cliff, it could be the-- i don't know intimidation factor, it could actually be worse than going over the cliff. >> i think that's a brilliant point, charles. if we went over the cliff for a few months the impact would not be enormous, and uncertainty is a bad word and fear is a really, really bad words and these are the words that govern the economy today and imperative that democrats put their heart and soul into a compromise. absolutely imperative. >> dagen, what do you think about this? >> i think you cannot dismiss this, particularly if you're on the left of something as hocus-pocus and fear mongering, you can look, the list of companies that are bulge back spending and some of the biggest names in the ideas, whether it's a wal-mart, ford, disney, you name it. no company is going to commit new money to new jobs if ne don't know
donations like those here in america are like those tax deductible and with the u.s. approaching a fiscal cliff, there are rumblings of big changes and some could impact charity. the and here is the national correspondent tim angle. >> thanksgiving, a time to relish one's blessings and help the less fortunate. >> in the scramble to avoid the fiscal cliff, both the president's plan to raise taxes on the wealthy and the republican willingness for revenues could end up hurting charities and rely on the kindness of people with money. >> high income people tend to give very generous gifts. they may give a million dollar contribution to a capital campaign of a local hospital or a local art museum and a small number of donors at the high end that account for really big chunk of the charitable giving in this country and those are the folks that we'd be most impacted by this tax policy change. >> in fact, united way gives 15% of total donations, 500 million dollars a year, from those who give $10,000 or more. so, charities worry that any kind of tax increase on the wealthy could cut into their don
and a shoed and cunning tax texas oil man. he played bad boy jr ewing. tributes are prouring in by hagman. and they join us now with a look back at the larger than life tv personality. dom nick. >> hey, uma. it is it a sad loss for the tain tain hagman claimed to be the most famous actor in the world and it was a portrayal of jr ewing that rocketed both him and the soap opi ra to fame. he died due to compliitations with cancer. he was 81 with him in his final moments was his relatives and long-time colleague and friend linda grey. and in a statement, she said he brought joy to everybody he knew and creative and jennerous and talented and i will miss him enormously she said. hagman was captain tony nelson on i dream of jenny. and he took serious roles including appearances. and he was in primary colors and repeated ratings got. and working on the latest for tnt in january. and no immediate comments from warner or tnt on how the series would deal with the loss. he leaves behind a wife of 60 years. >> and of course, he leaves behind two children as well. >> and this is it a major television
. u.s. debt mounts and tax hikes andrew the corner. guess what? there's plenty of ways to make money, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the natural gas area. we got a game changer here. we got a fuel that's cheap, abundant, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale place, which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk about response to climate change and reducing co2 emissions, thio is the golden key to open the door more than most r
with the territory. >> chris: would you agree to raise taxes as part of a solid compromise to avoid a fiscal cliff. >> i would opposed to raising tax rates but i believe we can close a lot of loopholes. we can do things to e-- in fact, two other things. one, things like like a limit on the amount of deduction of charitable giving. a limit on the amount you can take on your home loan mortgage deduction and obviously we are going to have to look at entitle reform. entitlement. reform is the only way to get the debt and deficit under control. we've got to take it on. >> chris: let me ask you, you say you would consider more revenue but with loopholes -- >> there's so many of them. >> chris: you voted against the bush tax cuts a decade ago because you said too many of the benefits go to the wealthy, not the middle class. once they were passed you have changed your view and said i'm not going to oppose them. it you could get a deal for entitlement reform and take a chunk out of the national debt, why is the 35% top tax rate which you oppose sacred? >> every economist i respect says if you raise tax rat
more important for these small businesses are the tax hikes and the tax increases that they are facing come the end of the year. a tax increase for top net income earners, from 35 to 39.6% in 2013. for all intents and purposes that involves small business owners? >> it's a lot of them. there is a fight going on. the left saying it will not affect small business too much. the right is saying it will. there is a lot of politics going on. my only question is how taking money out of anybody to put into washington, d.c. which is has been very ineffective with our capital is going to help -- i don't get it. somebody runs a small business and make a few hundred thousand a year to tell them you are going to pay $15-20,000 a year plus obamacare, i on don't think that is good news. i wish they had a better idea. elections have consequences. i gather taxes are going up. >> heather: according to ernest & young they are projecting that that tax rate will kill 710,000 small business jobs. people, individuals support businesses help that? >> yes, it's going to help. look, there is a reality. dollars
day of the year. we will hear from both sides on this one. remember the battle cry for lower taxes? where are they? we'lwe will ask one of the couns top tea party leaders. even when they say it is not, it is always about "money." all right, first let's take a look at the market headlines. modest gains in the last day of trading before the thanksgiving holiday. citigroup announced it will be closing half of all their branches in greece. the banking giant says a security measures are hurting their business. a federal bankruptcy judge has officially approved hostess brand plans to wind down. the ruling spells certain and to the hostess bakery. the twinkie will come back. ending the violence for now. even though it intensified when word of the troops was first announced. earlier today terrorist blew up a bus in tel aviv injuring 30 people. tensions boiling over. if the cease-fire does not hold and israel goes to war, the global impact will be felt here in the u.s. joining me now in a fox business exclusive is senior advisor to the mayor, thank you for being with us. i want to get right
said they will back down on taxes as long as there is one condition. >> steve: this time the white house has a better idea. wait until you hear who they are bringing back to lead the negotiations. yimpt powerball jackpot. $425 million . if you think you are more likely to get struck by lightning than win it big. the guy who won eight times who has the secret. >> steve: does he have the numbers. >> brian: "fox and friends" begins now. >> steve: hi, folks, live from studio e. i am sick of turkey. and i am sick of gravy. we had it five-days. >> gretchen: i know, i have a big huge bird sitting in my refrigerator and attempt to make soup out of it later today. >> brian: so it is not alive. >> gretchen: it didn't gobble. >> brian: i went to the movies and i have another movie. >> gretchen: i saw santa claus over the weekend. >> brian: ian loves it. i will tell you in a while. >> gretchen: no. >> brian: steve, saw one of my recommendations on saturday and you feel. >> steve: i am stopping to listen wu. >> gretchen: can you tell us now. >> steve: some of his movies i like a lot. >> gretche
back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one killed in clashes with police who fired tear gas into the crowds. the unrest began after he issued a series of orders which allow him to run the country unchecked until a new constitution is written. morsi says his actions are meant to speed up reform and achieve political and social stability. >> translator: i have said beforened i repeat again, that i would never use a legislation against individuals, parties, men, women or muslims or christians for personal gains and to settle scores. >> now, this is all very problematic for the white house. just two days ago, president obama and secretary of state hillary clinton were prais
, not raise taxes. if he wants to change his mind and become a tax increaser so we don't have to reform government, he needs to have that conversation with the people of georgia. >>> >> and new today, congressman peter king on the controversy. >> i agree with chambliss. if i were in congress in 1941, i would have signed al declaration of war against japan. i'm not going to declare war against japan today. the times have changed. ronald reagan and tip o'neil recognized that in the '80s. everything should be on the table. >> joining me, ed and david. thank you for joining me. >> good to see you, alex. >> you heard representative king on "meet the press" saying that he agrees on the pledge to not raise taxes. >> if you look at exit polling, people want to see democrats and republicans working together. you talk to them over and over again and voters say that and expect it. you see lawmakers since they have returned saying that they want to work together and one of the ways is that whether it was on taxes or other issues. >> so david, the change of heart by the gop on taxes, is it legitimat
get the latest on the efforts to resolve the impasse over tax hikes and spending cuts. >> brown: then, we get two views of a palestinian bid for limited statehood, ahead of a key vote tomorrow at the united nations. >> warner: wonder why your bills are going up? paul solman examines "the fine print" with author and journalist david cay johnston. >> i'm not against corporations. i am in favor of rules that make you earn your profits in the competitive market. you don't get them through a government rule that lets the company reach in your wallet and take money. the kinds of profits that we're >> brown: after the election, what's next for immigration reform? ray suarez asks texas senator kay bailey hutchison and illinois representative luis gutierrez. >> warner: and on the "daily download," we look at how the obama administration is re-using digital information gathered for the campaign to rally support now. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations
at what is going on with the protests at lax airport. this is a live shot right there. your taxes are going up and that has grover norquist fired up, the antitax man. next. >>eric: look on the left side your screen, los angeles airport, lamb, where protesters have disrupted travel plans for a lost members and you can see the cops checking it out, and maybe lifting a few of the protesters off the ground, escorting a few protesters away presumably the union protesters, over issues they had with the los angeles airport. on the right side of the screen, that is chicago. the busiest if not the busiest airport in america, also increasinged has a lot of travel backups with weather and a lot of issues because of the shear volume. so, a lost messy travel plans. keep your eye on that. that is it, it is over, get ready to pay more in taxes because according to the mainstream media, republicans are ready to cave to the democrats. and let taxes go up. does the many stream media after it right? grover norquist says absolutely not. i hear a lot, a lot, rumors that speaker boehner may be interest
the more conservative part of his caucus, some very bad news. republicans don't have a wlost leverage. tax cuts expire whether without anybody doing anything. and republicans are going to end up yielding a lot more than they give -- than they get in the negotiations. and john boehner, as the chief negotiator is the man identified with that surrender. so he needs to put down a marker now that says to the right wheel of the caucus, hey, i'm with you. if it were up to me, 100%. i'm with you. and i am going to put it in writing. i'm completely in favor of doing all the things that would have happened if we won the election. however, we didn't win the election. and we have facing this fiscal cliff and it's scary. so i'm about to have to do things you don't like. but be assured that my heart is in the right place. >> rolan what about this? they voted for obama. but when you look at how many people cnn poll last week, 51% of this country oppose the health care bill. 42% favor it. maybe boehner is on to something. >> no, he's not. because frankly we got to go look at those numbers. remember, there
everybody, our start start this morning the fight over the cliff intensifies. remember that no tax hike pledge. new signs that the gop may be starting to rebel from that. maybe a compromise before the 35-day deadline passes. and congress gets back to work this morning. plus a power grab in egypt. mohamed morsi under fire for granting himself extraordinary powers. will that affect cease-fire talks between israel and hamas? they're happening in egypt today. >> and $59 billion! retail records broken as americans crowded stores for some competitive shopping over the weekend. and now cyber monday is here. will shoppers be in even more of a spending mood? >> you want to talk about money? a new powerball jackpot. a new record in the cash payout. it's unreal. >> a packed two hours ahead for you this morning. new jersey congressman bill pascrell will be joining us, grover norquist, jamie rubin, dr. hanan ashrawi, will be our guest, peter billingsley from a christmas story, and grinle college hoops star jack taylor. remember him? big game he had the other day. and the one and only tony benne
on taxes, immigration, the works. so the party's in turmoil. the people who hate to lose are blaming the right. the people who hate the center almost just as much as the left are saying they're right and they're going to not budge an inch. this looks like a fight with legs and not a bad spectator sport, i must say, for progressives. as napoleon once said, never interrupt your enemy when he's making a mistake. robert traynham and erin pikes. this should be an interesting match-up, you two. let's talk about this situation. i want to show you a tape from dan senor on "morning joe" he's a foreign policy adviser to mitt romney. he took on mitt romney critics piling on the former nominee. let's listen to dan senor. >> tens of thousands of people, you could hear the top ten romney surrogates at the event. i'm backstage with some of them, i won't mention their names but talking about romney like he's reagan. you know, the debate performances were the best debate performance of any republican nominee in presidential history. this guy's iconic. they were talking about him, because they believe
worth of automatic spending cuts and bush tax rates that expire the same second, at stroke of midnight january 1, 2013. with the biggest names in the business community, in the political community, we tried, again and again, to come close to the crisis that could have been avoided at 39 days out remains a chasm. hear their woes, their worries, about being on the brink. fiscal cliff? or fiscal free for all? we are staring at this abyss. no one is even touching it. >> what is amazing to me this is the most predictable financial crisis ever in the history of this country. i suspect we are thought going to anticipate a recession, you will see a recession. >> we should be very careful not to go over the cliff because we will have a negative affect on this economy and on employment. >>neil: an idea of how much is at stake and who pays for this, i am telling you at this rate, everyone will pay. every single american family will pay. >> this has implications for every american family, 90 percent of families in america will pay higher taxes, and a reduction in income of $3,500 per american fami
and california because of the businesses were moving here because the labor costs are lower and-- >> taxes play a role in the unionization rate in my opinion, but-- >> but if you're looking at individual companies toby. >> i mean, the union jobs, i flew out to arizona on a union plane with union pilots. that's been there for 60, 70 yrs, those industries have shrunk and less planes, less workers, et cetera. >> i drove a rental car that was built by a company that's now two-thirds than it started out 30 years ago, so you can't make the case here in any shape or form that union labor and all the benefits and all the costs and all the inefficiency has anything to do with a stronger economy, factual. >> brenda: that's got to be the last word, thanks, guys. coming up, the white house putting out new res for the president's health care law. why the cavuto gang says it just puts the nanny state in your workplace. and that's at the bottom of the hour, but up here first, federal employees pleading with congress we've suffered the loss so leave our pay and benefits ane in the fiscal cliff costs. cliff cos
over the fiscal cliff and all of those tax changes expire, we will see a tripling of the dividend tax. if that happens, so many people invested right now, you said some of them might change from issuing dividends to buying back their stocks, right? >> that will be the tax efficient way people will return money, cash to shareholders. taxes on dividends are likely to go up, so that could be more efficient place. a dividend issue we have talked about before overplayed maybe an overcrowded area. lauren: let's bring in tony. should we kind of close our eyes and open them on january 2 or something? >> closing our eyes and opening them, it will be highly volatile between now and then. president obama came out and told us they got a solution, but how many times has the politician stretched the truth little bit? the price of a solution is being cooked into the cake in the stock market, and if it does not come to truth, or if it disappoints, i can see a severe drop to negative. david: you are saying the next four months or so because of the uncertainty, you have to keep your holdings safe and p
a break the no tax pledge. that is a hopeful sign, folks, because a new cnn/orc poll shows more than two thirds of americans believe a trip over that cliff would create major problems, perhaps even a crisis. cnn political editor paul steinhauser is live from washington, d.c. this morning. nice to see you, paul. so the fiscal cliff triggers back-breaking tax hikes and massive spending cuts. you've got more numbers that show what type of budget plan americans actually prefer. >> exactly. one of the big arguments, zoraida, is should it be all spending cuts to get us there or tax increases, as well? brand-new numbers just out from cnn/orc. only about one in three say whatever deal should be struck should be just spending cuts. but almost seven in ten, two thirds of americans say the plan should include spending cuts and tax increases. our poll indicates americans are not so optimistic a deal will get done and if it doesn't get done, who gets the blame? look at this right here, about 45% say republicans in congress will be blamed if there is no deal and the country falls off the fiscal cliff.
washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only your doctor can determine if your persistent heartburn whoa! is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pa
that pushed that no new taxes pledge signed bay majority of republicans in congress. here's what chambliss says. i care more about my country than i do a 20-year-old pledge. he's willing to let the political consequences take care of themselves. raising taxes has been at the center of the fiscal cliff dispute. democrats demanding it. republicans saying no way. so amy, is this a sizable crack in the republican armor? >> we are seeing that the two sides are going to need to negotiate if we don't go over the fiscal cliff. i would point out that patty murray, a democratic senator from washington state says we should go over it, certainly in contrast to the rest of her party. so i think that we're seeing negotiations on both sides. but i want to point out what the fiscal cliff really means. it means the tax rates go up for everyone across the board. if you earn a paycheck, your taxes are going up. that's not just your federal income tax. that's your social security tax as well. we've been on a social security tax holiday, people are unaware of this, only as employees paying in 2.4%. after decem
hard look at the whole country. my taxes went up 39% and came down 49%. how can anyby get excited about that when u're like god. so somehow we have to get strategic leadership that says that we need to get this engine and the economy pumping again. neil: do you think, and this i mentioned by mitt romney lot. you know that you are going to do things differently? dubai that? >> everybody talks about reducing taxes because they want more capital to grow their business. but it's also regulations. businesses are confronted at the township and city level. >> here in chicago, you need 161 licenses to open up the business. >> if you open up a job shop, you have to have a license to give them a bath. it's ridiculous. why can't we consolidate some of these things and reduce the reauacy? it isn't about the people collecting anything but a paycheck. neil: they mt realize that the more they push this, the more it it endangers the economy and theirery jobs are online. >> you would think so, when you? there is a lot of evidence that says those people inside the beltway are living in a bubble. washingt
was also shot during that confrontation. he was pronounced dead at the scene. >> to politics now and taxes. they are at the heart of the negotiations over the fiscal cliff. democrats want to raise them for the wealthy. republicans say no. >> now one leading republican may be breaking ranks. georgia senator saxby chambliss now says a no tax pledge signed by most republicans is standing in the way of getting a deal done. >> times have changed significantly. i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got figure out a way to pay it. >> specifically, chambliss was talking about grover norquist and his group americans for tax reform. they put out that no tax pledge. norquist talked about it on cnn's situation room". >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs
online or at a bank of america near you. >> brian: eliminating certain tax deductions stop merrence from can falling off the fiscal cliff. president obama seems reluctant. >> it is difficult to see how you make up trillion just by closing loop holes and deductions. the math tends not to work. >> when it comes to taxes, republicans and democrats agree that the current federal tax code is broken and both sides recognize the importance of closing aggregious tax loop hole that is pick winners and losers. tax reform that eliminates tax wasteful preferences to generate revenue will bring efficienciy to the tax system. >> brian: who has the right approach. james freeman. james, i like deadlines and. >> it makes the mind. >> brian: find a cure. president wants to raise upward 35 to 39 percent and republicans say cap the deductions is better? >> clearly if you could simplify the tax code and get rid of deductions without raising rates on investment in particular that is the least economically detructive way to get more money. >> brian: if you cap at $50,000. and you make two million and you choos
to chartd if washington were to reduce our charitable tax deductions. u.s. charities say they don't want to find out. and just when you think your neighbor, you know him well now there is an effort in mexico to change the country's name coming up. if we want to ime our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus
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